Term Sheet — Monday, July 16

BRAINSTORM TECH DAY 1

Good morning from Aspen!

Fortune’s annual Brainstorm Tech conference begins today, and I look forward to meeting many of you in person.

We’ll kick it off with a conversation between Fortune executive editor Adam Lashinsky and Uber CEO Dara Khosrowshahi. It’s hard to believe that Khosrowshahi has only been at the helm of the tech giant for less than a year — yet there’s a lot to talk about. We should get an update on Uber’s strategy, business, culture, and of course, its much-anticipated IPO.

Khosrowshahi recently commented on his plan to take Uber public in 2019, saying that the company is in a “good position” in terms of its profitability and margins. (It still needs to hire a chief financial officer, though.)

The conversation will take place today at 2:05 p.m. MT // 4:05 p.m. EST, and it will be livestreamed here. If you miss it, I’ll have a full breakdown of the topics discussed shortly following the session as well as in tomorrow’s Term Sheet.

VENTURE DEALS

• GoGoVan, a Hong Kong-based platform providing delivery services, raised $250 million in funding. InnoVision Capital led the round, and was joined by investors including the Russia-China Investment Fund, Hongrun Capital, Qianhai Fund of Funds, Alibaba’s Cainiao logistics subsidiary, and 58 Daojia Group.

• Paidy Inc, a Japan-based instant post-pay credit service for ecommerce consumers, raised $55 million in Series C funding. ITOCHU Corporation led the round, and was joined by investors including Goldman Sachs.

• PPRO, a London-based company focused on cross-border payments for merchants, raised $50 million in funding. PayPal led the round, and was joined by investors including Citi Ventures and HPE Growth Capital.

• Productboard, a San Francisco and Prague-based provider of a software-as-a-service platform for strategic product design and management, raised $8 million in Series A funding. Kleiner Perkins Caufield and Byers led the round, and was joined by investors including Index Ventures, Credo Ventures, Reflex Capital and Rockaway Capital.

• Wicket Labs, a Seattle-based provider of audience insights for subscription video services, raised $2.8 million in funding. WestRiver Group led the round, and was joined by investors including Madrona Venture Group and Divergent Ventures.

HEALTH AND LIFE SCIENCES DEALS

• Verge Genomics, a Mountain View, Calif.-based drug discovery company, raised $32 million in Series A funding. DFJ led the round, and was joined by investors including WuXi AppTec’s Corporate Venture Fund, ALS Investment Fund, Agent Capital, and OS Fund.

• Modus Therapeutics, a Sweden-based clinical stage drug development company focused on treating patients with sickle cell disease, raised SEK 140 million ($15.6 million) in funding. The investor was HealthCap.

PRIVATE EQUITY DEALS

• General Atlantic invested $250 million in Greensill, a London-based provider of working capital finance to businesses. The deal values the company at $1.64 billion.

• Arrowhead Engineered Products, which is backed by Riverside Co and Investcorp, acquired Ratioparts, a Germany-based distributor of aftermarket replacement parts for outdoor power equipment and forestry applications.

OTHER DEALS

• Allied Universal agreed to acquire U.S. Security Associates, a Roswell, Ga.-based provider of security and related services, for approximately $1 billion.